Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.If the crypto industry was looking for a silver lining in Federal Reserve Chair Jerome Powell’s testimony in a U.S. Senate hearing on Tuesday, the best he could offer was that he’s hoping there’s something useful and innovative amidst crypto’s mayhem.
"We've seen just a remarkable set of events in the crypto space,” he said, noting there’s been “quite a lot of turmoil” in the past year, with companies collapsing and high-profile fraud being revealed. “We see in crypto activity lots of things that suggest that regulated financial institutions should be quite cautious in doing things in the crypto space."
federalreserve jesseahamilton CBDC will MOON BTC...
federalreserve jesseahamilton Brrr
federalreserve jesseahamilton More like the dollar is a mess bro
federalreserve jesseahamilton We gotta flush out all the garbage bravo Jerome Powell bring on 50 basis points bring on United States Banning Binance of course they’re going to hit the crypto world hard all these exchanges with unregistered securities BNB not mined money laundering Chinese pit!!! 10k btc
federalreserve jesseahamilton The fed is not incentivized by profits so they too would probably like a better technical solution. It's the greedy bankers who are preventing innovation because they will lose market share and influence.
federalreserve jesseahamilton The Federal Reserve has been trying to rein in cryptocurrencies